TRADESETUP

February 6, 2019

Buyers holding a higher level and set to continue the trend higher

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New Buy Entry Alert SPK

Time Frame : Daily/Weekly

Sector : Telecommunications Services

Key Stats : $7.09 Billion Market Cap, VWAP 3.874, ASX Ranking 58, 4 Week Av Turnover $3,001,462, Current Turnover (Intraday as at time of alert) $107,638, PE 20. Div Yield 5.04%.

Company Overview : Spark New Zealand Limited (SPK, formerly Telecom Corporation of New Zealand Limited) is a NZ telecommunications service provider, offering a range of services and products to consumers and businesses. The Company has following business units: Spark Home, Mobile & Business; Spark Digital and Spark Connect.

Broker Consensus : Not covered by a major broker

SPK – Spark New Zealand Limited

SPK is on the move up off a higher low as buyers defend higher levels. We are happy to buy on a push up through 3.96 and hold the stop loss at 3.76. If price falls below 3.76 prior to entry, then we will cancel the entry alert and re-assess the action.

Stock Code : SPK – Spark New Zealand Limited

Company Website : www.spark.co.nz

Current Price : 3.89

New Buy Entry (Trigger Level) : 3.96

Potential Sell Exit Zone (Stop Loss) : 3.76

Status : On watch for buy entry trigger

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